A session on Economic Growth from this years Davos forum;
Assorted on India
14 years ago
Economics, global development,current affairs, globalization, culture and more rants on the dismal science, and the society. "As usual, it's like being a kid in a candy store. I'm awed by the volume of high-quality daily links in general. Thanks!" - Chris Blattman

A rock star, a software tycoon and a computer hardware impresario walk into a Swiss village...
At the World Economic Forum in Davos, Mr Knight said the “major challenge” for regulators was the “the Balkanisation of regulation – fragmented across market segments, across national jurisdictions and yet we want to have a global financial system”.


In the landlocked Western African country of Niger, lower debt service, together with continued significant budgetary aid and higher domestic revenue mobilization, is having an impact on spending in education, health, and the rural sector, where budgetary allocations increased by 4 percent of GDP between 2002 and 2007...
Reaching the Millennium Development Goals (MDGs) by 2015 will be extremely challenging for Niger. To halve poverty by 2015, as required by the MDGs, the new Poverty Reduction Strategy for 2008-12 estimates that real GDP growth must average 7 percent. Even if aid is substantially scaled up, from about 10 percent of GDP in 2007 to about 15 percent of GDP, Niger may have difficulty achieving this high growth rate.
The only moment, it seemed to me, when the president lost his cool was when we asked him about a recent letter from retired generals, accusing him of undermining democracy. "Who are these retired generals," he said, suddenly flustered. "It is the serving generals who are important." But Mr Musharraf has recently become a retired general himself. And the question of the loyalties of the army and the intelligence services is going to loom large over the next year.
But I also have to say that the scene at Davos, with all the great, good, wise, and, especially, rich gathered together to celebrate their greatness, goodness, wisdom, and, especially, wealth, has always made me uncomfortable. I usually end up skipping a couple of big dinner affairs and sneaking off to feast on the modern Swiss national dish — which is, of course, spaghetti carbonara